The hypothetical returns during the course of your estimate do not reflect actual trading and therefore do not account for market risks, economic conditions, taxes, fees or expenses. Performance is reported net of investment management fees, where such fee information is available. Performance is reported gross of all other expenses such as custodial, trading and other fees. Performance is calculated using the daily time-weighted method. Performance for some periods may include data from external sources supplied for inclusion in the performance history, whose accuracy has not been verified.